Weekend News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Welcome to the weekend
MZ: Fairly dry for RV news but have interesting developments throughout the week with Iraq and auctions ….they are using US dollars to buy dinar off the streets. This is big.
Member: I thought they were de-dollarizing……this is very confusing.
MZ: With more IQD off the streets it supports a higher value. The auction traded roughly $280 million USD buying Iraqi dinar off the streets and out of circulation.
MZ: Here is the US our M1/M2 money supply as dived…it’s tanked.
MZ: Its quiet from the bank side, group side, bond side. I expected it to be pretty quiet this weekend. But folks are geared up for early next week. I have been told by a number of them that are ready and positioned.
MZ: Most bond folks are expecting full funds on Monday or Tuesday now.
MZ: “ BRICS: JP Morgan forecasts unavailable crisis for the US dollar” The piper has got to be paid and it is coming due. Jaime Dimon is not the only one telling them this stuff. He is not the only one saying the US is about to hit a big crisis. If the US hits a crisis….the whole world will be in crisis.
MZ: At least we have picked up foreign currencies of countries with a lot of commodities. And many have picked up metals. We should all be prepared with food and things.
Member: We should all be prepared for nothing to happen until after our elections…..hope for the best but plan for the worst……seems to be the way things are heading.
Member: Unless the markets really do crash and everyone is forced to change…..That is what I hope.
MZ: I thought this one was interesting from Ariel……There is confirmation that we have a dual banking system running alongside the traditional banking system (SWIFT) that is based on the Petro dollar that the Federal Reserve wants to maintain a monopoly over. But he says the supreme court has ruled in the favor of states to adhere to their own charter outside the corporate Fed System.
MZ: He says “States are taking their power back” This document shows we never needed the Federal Reserve on a legal basis . And as a matter of fact the Fed. Reserve is illegal on how they manage our money. The constitution is specific “No state shall make any currency outside of gold and silver” Which also means the US government should not make any money outside of gold and silver…or instruments thereof. .
MZ: States are taking their power back. Banks with federal charters are subject to federal oversight , But, banks with state charters are called state banks are subject to state oversight and regulations. These two banking systems co-exist and compete. Per Supreme court ruling.
MZ: I think that is interesting and it does show we have a back up system
Member: Well if state banks start to offer asset/gold silver based currency- I’m switching from a big federal bank to a state bank asap. I’m sure I won’t be alone. Unless of course we get the QFS.
Member: Remember- on June 9 being the last day that Saudi Arabia will no longer sell us oil after 70 year treaty ends?
Member: Everyone have a great weekend…..stay positive and keep the faith.
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
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